Strategic acquisitions are on the table as well; last year, SwiftConnect used a portion of its warchest to buy Detrios, an access control firm.
“SwiftConnect is extending our expertise into the high-end, multi-family rental market, and has completed deployments in this space,” Kruger said. “We’re helping enable self-service, unfettered access to parking garages, buildings, turnstiles, office suites, and amenity spaces for tenants across their portfolio of properties.”
While it’s growing at a healthy clip, SwiftConnect faces potential headwinds. Mobile-centric access control systems can leave workers in a lurch if their smartphones shut down. And systems such as SwiftConnect’s have raised privacy concerns.